462 Ashland Ave, Elgin, IL

Name: 462 Ashland Ave, For Sale in Elgin - Zoocasa
Brand: Compass
SKU: 12583713
Price: 310000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$310,000

522

MLS® 12583713

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage No

Taxes $6,268

Days Active 0

Lot Size

Approx. Age 1895

MLS® Number 12583713

Property Address: 462 Ashland Ave, Elgin, IL, 60123-7712

Average square foot calculated using Size range provided by listing agent.

Description

This well-maintained 2-unit investment property offers stable rental income and numerous recent upgrades, making it an excellent opportunity for investors or owner-occupants. Ideally situated on a quiet, charming street, the property is just minutes from the Metra train, Grolich Park, Forest Preserve, I-90, US-20, I-390, shopping, and dining, providing convenience and strong rental appeal. The property is fully rented with reliable tenants, currently generating $3, 050 per month in rental income. The lower unit features 3 bedrooms and 1 bath and rents for $1, 675/month, while the upper unit offers 2 bedrooms and 1 bath and rents for $1, 375/month. This property has been consistently maintained with numerous updates over the past 10 years, including a new driveway, exterior doors, carpeting, and countertops. More recent improvements include new windows, water heater, washer, and added attic insulation. The electrical system has been upgraded with three new 100-amp services, and all plumbing has been updated. Each unit pays its own electric, helping reduce owner expenses. The exterior basement access allows both units to conveniently use the shared laundry area. A large storage shed in the backyard offers additional space and even the potential for extra rental income. With solid rental history, thoughtful updates, and a prime location, this property presents a fantastic income-generating opportunity.

MLS® Number12583713

Laundry Level

Central VacNo

FireplaceNo

Acreage0

Exterior

GarageNo

Approx. Age1895

BasementUnfinished, Exterior Entry, Partial

DrivewayOff Street, Yes

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 5, 2026List Date

$310,000List Price

Map

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